Sina Bank
 | |
| Type | Public |
|---|---|
| Traded as |
TSE: VSIN1 ISIN: IRO1VSIN0008 |
| Industry | Financial services |
| Founded |
1985 (as Bonyad Finance and Credit Company) 2009 (as Sina Bank) |
| Headquarters | Tehran, Iran |
| Key people |
Abdulnasser Hemmati, chief executive officer |
| Products |
Retail banking Transaction accounts Insurance stock brokerage Investment bank Asset-based lending Consumer finance Trade International payments Foreign exchange |
| Net income |
  818 Million IRR (2009) |
| Total assets |
24.143 Billion IRR (2009) |
| Employees | 1998 (full-time)[1] |
| Website | http://www.sinabank.ir/ |
Sina Bank (Persian: بانک سینا) is a private Iranian banking establishment offering retail, commercial and investment banking services. The company was established in 1985 as a part of the government's privatization of the banking system.[2]
While established in Tehran, the bank operated throughout the nation with 1998 employees and 253 branches.[1]
Sina Bank is listed under the Tehran Stock Exchange and is currently one of eight private banks in Iran.[3] The bank is currently the 64th largest company in Iran.[4] In 2007, Sina Bank had initial equity capital of 10 Billion IRR.[5]
Operations
The bank was established in 1985 as the Bonyad Finance and Credit Company.[5] The company was the first credit establishment in the Iranian financial sector. In 2007, the company was privatized,[5] and in 2009 was listed on the Tehran Stock Exchange.[6]
The bank currently operates throughout the country, housing a total of 253 branches. In 2010, the bank came under European Union sanctions against Iranian banking institutions.[7]
In addition to offering short and fixed deposit accounts for domestic and overseas clients, the bank provides letters of credit, treasury, currency exchange, corporate loans syndication, financial advisory and electronic banking services.[8]
Corporate governance
- Abdolnaser Hemmati - President and CEO 2007–present
On 2 August 2012 the EU Council deleted the name of Dr Abdolnaser Hemmati from its list of sanction set out in Annex IX to Regulation (EU) No 267/2012.Official Journal of the European Union dated 3.8.2012
Current members of the board of directors include: Mohammad Izadi, Masoud Pashmchi and Sadegh Mohammad Talei.[9]
See also
- Banking in Iran
References
- ↑ 1.0 1.1 http://www.sinabank.ir/UploadedFiles/gFiles/f0280adf466d4d8.gif
- ↑ "Sarmayeh Bank portal:: Homepage ::". En.sbank.ir. Retrieved 2014-02-08.
- ↑ "Sarmayeh Bank portal:: Homepage ::". En.sbank.ir. Retrieved 2014-02-08.
- ↑ http://www.sinabank.ir/UploadedFiles/gFiles/b1af2e79d874419.gif
- ↑ 5.0 5.1 5.2 http://www.sinabank.ir/UploadedFiles/gFiles/ffd53f1d6aaf4cf.gif
- ↑ "بورس اوراق بهادار تهران Tehran Stock Exchange". Iranbourse.com. Retrieved 2014-02-08.
- ↑ "news/336656,aerospace-guards-summary.html". Earth Times. Retrieved 2014-02-08.
- ↑ "Sarmaye Bank (P.J.S.C.): Private Company Information - Businessweek". Investing.businessweek.com. Retrieved 2014-02-08.
- ↑ http://www.sinabank.ir/En/sdPages/Page.aspx?tid=227
